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Article NO. Content

Title:

Securities and Exchange Act  CH

Amended Date: 2024.08.07 
Article 112 When any member withdraws from membership or is suspended from trading, the membership stock exchange shall, in accordance with the articles of association, require that member or designate another member to wind up and liquidate its trades on the centralized securities market. The member shall be deemed to have not yet withdrawn from membership or been suspended from trading within the scope of winding up and liquidating the trades.<br/>When another member is designated to wind up and liquidate trades under the preceding paragraph, a mandate contract relationship is deemed to exist between the withdrawing member and the designated member within the scope of the purposes of winding up and liquidating the trades.